Jon Hunt’s Property Firm Sales Growing

Property entrepreneur Jon Hunt’s investment and development company Ocubis has reported sales growth and continues to be confident in the London commercial market a report says.

The Evening Standard reports that turnover grew 5% to £19.7m last year and occupancy rates increased across its London office portfolio, although pre-tax profits fell slightly to £5.7m.

Matt Gresham, COO at Ocubis told the Evening Standard the sale of some sites this year, including a proposed hotel site in Shoreditch, was done in order “to raise cash for investment in existing buildings and new acquisitions.”

Jon Hunt, who founded the Foxtons, set up the business after selling out of the iconic London estate agency brand in 2007. Several of the Ocubis directors also former Foxtons staff, now applying their detailed knowledge of the London market to investment and development rather than just sales and lettings.

Source Evening Standard
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